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Chinese police arrest three for deadly auto parts factory blast  

BEIJING, Aug 20 (Reuters) - Chinese police have arrested three people in connection with an explosion at an auto parts plant that killed 75 people in China's worst industrial accident in a year, state media said on Wednesday. The three were Wu Chi-tao, chairman of Kunshan Zhongrong Metal Products Co. Ltd, the company that owned the workshop, and the company's general manager and a manager in charge of workplace safety, state news agency Xinhua said....More
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Hertz's stock falls after car rental firm pulls forecast  

Aug 20 (Reuters) - Shares of Hertz Global Holdings Inc were set to open down 12.3 percent on Wednesday after the car rental company pulled its full-year outlook late on Tuesday, prompting at least two brokerages to downgrade the company's stock. Hertz expects 2014 results to be "well below" its previous guidance due to business challenges and costs related to a review of the past three years' results, it said in a regulatory filing on Tuesday....More
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UPDATE 1-Canada June wholesale trade up 0.6 pct, more than expected  

(Adds sectoral details) OTTAWA, Aug 20 (Reuters) - Canadian wholesale trade advanced by a more-than-expected 0.6 percent in June from May, and the volume of sales grew 0.7 percent, with advances in most sectors offsetting declines in autos and personal and household goods. Statistics Canada on Wednesday also revised up May's monthly gain to 2.3 percent from 2.2 percent. The median forecast in a Reuters survey of analysts was for a 0.4 percent gain in June....More
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UPDATE 1-Motor racing-Lotterer replaces Kobayashi for Belgian Grand Prix  

* Lotterer replaces Kobayashi for Spa * German Le Mans winner will be making F1 debut at 32 (Adds quotes, detail) By Alan Baldwin LONDON, Aug 20 (Reuters) - Three times Le Mans winner Andre Lotterer will make his Formula One debut in Belgium this weekend after Caterham announced on Wednesday the German driver would be replacing experienced Japanese Kamui Kobayashi....More
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UPDATE 1-German exports to Russia fell 15.5 pct in first half of 2014  

(Adds detail) BERLIN, Aug 20 (Reuters) - German exports to Russia plunged in the first half of 2014, led by a sharp fall in car and machinery shipments, amid an escalating standoff between the West and Moscow over Ukraine. The value of German shipments to Russia fell 15.5 percent to 15.3 billion euros in the first six months of the year, data from the Statistics Office showed. That was a sharper drop than in the first quarter of the year, when exports to Russia dropped by 13 percent....More
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German exports to Russia fell 15.5 pct in first half of 2014  

BERLIN, Aug 20 (Reuters) - German exports to Russia plunged in the first half of 2014, led by a sharp fall in car and machinery shipments, amid an escalating standoff between the West and Moscow over Ukraine. The value of German shipments to Russia fell 15.5 percent to 15.3 billion euros in the first six months of the year, data from the Statistics Office showed. That was a sharper drop than in the first quarter of the year, when exports to Russia dropped by 13 percent....More
Newswire

BRIEF-Lock-up period for Jiangsu Pacific Precision Forging's 94.3 mln shares to end  

Aug 20 (Reuters) - Jiangsu Pacific Precision Forging Co Ltd * Says lock-up period for 94.3 million shares to end, shares to start trading on Aug 27 Source text in Chinese: http://bit.ly/XzNM4A Further company coverage: (Reporting by Hong Kong and Singapore newsrooms)...More
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EU Regulators to Seek Real-World Emissions Testing  

The rules being drafted by EU regulators include a requirement that emissions and fuel economy be tested on roads, not laboratories where conditions can be manipulated....More
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Deals of the day- Mergers and acquisitions  

Aug 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** British engineering company Balfour Beatty rejected on Wednesday Carillion's third merger proposal, saying it failed to address the risks in the deal and only represented a small increase in value....More
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BRIEF-Zhongtong Bus' H1 profit surges on investment gains, sees intense competition in H2  

Aug 20 (Reuters) - Zhongtong Bus Holding Co Ltd * Says H1 net profit up 354.2 percent y/y at 204.8 million yuan(33.34 million US dollar) Source text in Chinese: http://bit.ly/1oYNqdd Further company coverage: (1 US dollar = 6.1429 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)...More
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